LawgistThe New Delhi Municipal Council Act
133Annual statement by Chairperson
(1) The Chairperson shall, at the end of every year, submit to the Council a statement showing--
(a) the amount which has been invested during the year under section 131;
(b) the date of the last investment made previous to the submission of the statement;
(c) the aggregate amount of the securities then in his hand; and
(d) the aggregate amount which has up to the date of the statement been applied under section 132, in or towards discharging loans.
(2) Every such statement shall be published in the Official Gazette.
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BORROWING
- 126 Power of Council to borrow
- 127 Time for repayment of money borrowed under section 126
- 128 Form and effect of debenture
- 129 Payment to survivors of joint payees
- 130 Receipt by joint holders for interest or dividend
- 131 Maintenance and investment of sinking funds
- 132 Application of sinking funds
- 133 Annual statement by Chairperson
- 134 Power of Council to consolidate loans
- 135 Priority of payment for interest and repayment of loans over other payments
- 136 Power to make regulations
